Mr. Stefan Spears of Inventus reports

INVENTUS COMPLETES PRIVATE PLACEMENT FINANCING WITH PARTICIPATION BY MCEWEN MINING

Inventus Mining Corp. has closed the previously announced non-brokered private placement of 15 million units of the company at a price of four cents per unit, for total gross proceeds of $600,000. Each unit consisted of one common share of the company and one common share purchase warrant. Each warrant entitles the holder to purchase one common share of the company at a price of nine cents per warrant share until the date which is 24 months following the closing of the offering.

The expiry date of the warrants may be accelerated by Inventus if the closing price of the common shares on the TSX Venture Exchange is greater than or equal to 12 cents over a consecutive 20-day period. If this occurs, the company may accelerate the expiry date of the warrants by issuing a press release announcing the reduced warrant term whereupon the warrants will expire on the 10th trading day after the date of such press release.

The offering of the units is subject to the receipt of all required corporate and regulatory approvals including the approval of the TSX-V. All securities issued and issuable pursuant to the offering will be subject to a four-month-and-one-day statutory hold period. Proceeds of the offering will be used to advance the Pardo project and for general corporate purposes.

Related party transaction

In connection with the offering, McEwen Mining Inc., an affiliate of several insiders of the company including Rob McEwen, Stefan Spears and Perry Ing, acquired 10 million units for proceeds of $400,000. In addition, certain officers and directors of the company including Wesley Whymark, Bill Fisher and Richard Sutcliffe acquired an aggregate of 875,000 units, for gross proceeds of $35,000. The acquisition of 10,875,000 units by McEwen and insiders in connection with the offering is considered a related party transaction pursuant to Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions (MI 61-101) requiring the company, in the absence of exemptions, to obtain a formal valuation for, and minority shareholder approval of, the related party transaction. The company is relying on an exemption from the formal valuation requirements of MI 61-101 available because no securities of the company are listed on specified markets, including the TSX (Toronto Stock Exchange), the New York Stock Exchange, the American Stock Exchange, Nasdaq or any stock exchange outside of Canada and the United States other than the Alternative Investment Market of the London Stock Exchange or the PLUS markets operated by PLUS Markets Group PLC. The company is also relying on the exemption from minority shareholder approval requirements set out in MI 61-101 as the fair market value of the participation in the offering by McEwen and insiders does not exceed 25 per cent of the market capitalization of the company, as determined in accordance with MI 61-101.

About Inventus Mining Corp.

Inventus is a mineral exploration and development company focused on the world-class mining district of Sudbury, Ont. The company's principal assets are a 100-per-cent interest in the Pardo Paleoplacer gold project and the Sudbury 2.0 critical mineral project located northeast of Sudbury. Pardo is the first important paleoplacer gold discovery found in North America. Inventus has approximately 183 million common shares outstanding.

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